Illinois General Assembly - Full Text of HB2844
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Full Text of HB2844  101st General Assembly




State of Illinois
2019 and 2020


Introduced , by Rep. Keith R. Wheeler


765 ILCS 605/22.1  from Ch. 30, par. 322.1

    Amends the Condominium Property Act. Provides that the principal officer of the unit owner's association or such other officer as is specifically designated shall furnish specified information when requested to do so in writing and within 5 business days (rather than 30 days) of the request. Limits the fee covering the direct out-of-pocket cost of providing and copying the information to $100.

LRB101 10102 LNS 55205 b





HB2844LRB101 10102 LNS 55205 b

1    AN ACT concerning civil law.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Condominium Property Act is amended by
5changing Section 22.1 as follows:
6    (765 ILCS 605/22.1)  (from Ch. 30, par. 322.1)
7    Sec. 22.1. (a) In the event of any resale of a condominium
8unit by a unit owner other than the developer such owner shall
9obtain from the Board of Managers and shall make available for
10inspection to the prospective purchaser, upon demand, the
12        (1) A copy of the Declaration, by-laws, other
13    condominium instruments and any rules and regulations.
14        (2) A statement of any liens, including a statement of
15    the account of the unit setting forth the amounts of unpaid
16    assessments and other charges due and owing as authorized
17    and limited by the provisions of Section 9 of this Act or
18    the condominium instruments.
19        (3) A statement of any capital expenditures
20    anticipated by the unit owner's association within the
21    current or succeeding two fiscal years.
22        (4) A statement of the status and amount of any reserve
23    for replacement fund and any portion of such fund earmarked



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1    for any specified project by the Board of Managers.
2        (5) A copy of the statement of financial condition of
3    the unit owner's association for the last fiscal year for
4    which such statement is available.
5        (6) A statement of the status of any pending suits or
6    judgments in which the unit owner's association is a party.
7        (7) A statement setting forth what insurance coverage
8    is provided for all unit owners by the unit owner's
9    association.
10        (8) A statement that any improvements or alterations
11    made to the unit, or the limited common elements assigned
12    thereto, by the prior unit owner are in good faith believed
13    to be in compliance with the condominium instruments.
14        (9) The identity and mailing address of the principal
15    officer of the unit owner's association or of the other
16    officer or agent as is specifically designated to receive
17    notices.
18    (b) The principal officer of the unit owner's association
19or such other officer as is specifically designated shall
20furnish the above information when requested to do so in
21writing and within 5 business 30 days of the request.
22    (c) Within 15 days of the recording of a mortgage or trust
23deed against a unit ownership given by the owner of that unit
24to secure a debt, the owner shall inform the Board of Managers
25of the unit owner's association of the identity of the lender
26together with a mailing address at which the lender can receive



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1notices from the association. If a unit owner fails or refuses
2to inform the Board as required under subsection (c) then that
3unit owner shall be liable to the association for all costs,
4expenses and reasonable attorney's attorneys fees and such
5other damages, if any, incurred by the association as a result
6of such failure or refusal.
7    A reasonable fee, not to exceed $100, covering the direct
8out-of-pocket cost of providing such information and copying
9may be charged by the association or its Board of Managers to
10the unit seller for providing such information.
11(Source: P.A. 87-692.)